In the previous government, the volume of external debt was $3 billion, while in the current government, it is $0.3 billion. Photo: File
Islamabad: The caretaker government has taken 67% less loans compared to the previous government on government securities.
According to the Ministry of Finance spokesperson, the caretaker government has taken more loans for debt repayment, including principal and interest on loans, while focusing on financial stability during this period.
According to the spokesperson, the caretaker government received a policy rate of 22%, and has been successful in improving the profile of domestic loans in a short period of time. In the previous government, the volume of loans on government securities was $583.1 billion, while in the caretaker government, it is $189.6 billion.
Financial losses were managed by shifting towards long-term loans, with securities as collateral, taking loans at a lower rate of 3 to 4% from the policy rate, with an average maturity of three years.
According to the spokesperson, in the previous government, investments were made through investment bonds and Sukuk amounting to $252.4 billion.